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DOGE-USD

Elon Musk, known as the 'DOGE Father', expressed optimism for Argentina's future prosperity following the election of Bitcoin-friendly candidate Javier Milei as president. Dogecoin co-creator Billy Markus also showed support for Milei. Milei has criticized central banking and supports Bitcoin as a private sector solution to inflation. Dogecoin's price saw a slight increase.

Portfolio Pulse from Mehab Qureshi

November 20, 2023 | 4:41 am

BX

Blackstone Inc. (NYSE:BX) is the leading bidder for a $17 billion portfolio of commercial-property loans from Signature Bank's assets being sold by the FDIC. The deal is part of the FDIC's efforts to sell off approximately $33 billion of Signature’s real estate loans following the bank's collapse. The terms are not finalized, and the sale could still go to another bidder or be split among multiple buyers. Blackstone's bid is preferred due to lower costs, but does not include loans for rent-stabilized or rent-controlled units. The market is watching this sale for pricing cues amid a slowdown due to rising borrowing costs affecting property values and transactions.

Portfolio Pulse from Benzinga Neuro

November 19, 2023 | 8:45 pm

HWEL

Healthwell Acquisition Corp. I (NASDAQ:HWEL) has cancelled its special stockholder meeting scheduled for December 4, 2023, and withdrawn the proposals from its November 13, 2023 SEC filing. The company plans to liquidate, ceasing all operations except for winding up. Healthwell will redeem its Class A common stock at an estimated price of $10.50 per share from its IPO trust account, extinguishing stockholder rights. Warrants will expire worthless, and Healthwell's sponsor waived redemption rights for Class B common stock. The liquidation and dissolution are subject to Delaware law and other legal requirements. The liquidation process will be managed by Continental Stock Transfer & Trust Company, with the redemption expected within ten business days after commencement.

Portfolio Pulse from Benzinga Newsdesk

November 19, 2023 | 8:29 pm

FMCC

HOUS

RDFN

RMAX

A Realtor.com study shows that the average down payment for homes in the U.S. decreased to 13.8% in 2023 from 14.7% in 2022. California cities lead with the highest median down payments, with San Jose-Sunnyvale-Santa Clara at the top with $235,183. Freddie Mac notes PMI costs $30-$70 per month per $100,000 borrowed. Redfin Corp., Zillow Group, Inc., Anywhere Real Estate Inc., and RE/MAX Holdings, Inc. are key players in the real estate market. ETFs like iShares U.S. Real Estate ETF and Real Estate Select Sector SPDR Fund offer diversified exposure to the sector.

Portfolio Pulse from Bibhu Pattnaik

November 19, 2023 | 7:11 pm

FEBO

Fenbo Holdings Limited (NASDAQ:FEBO) is set to go public on Nov. 21, 2023, with an IPO price band of $4.00 to $6.00 per share. The company plans to offer 1,000,000 shares at $5.00 each, with an insider lock-up period of 180 days. IPOs allow private companies to raise capital by offering shares on an exchange after meeting SEC requirements and establishing an offering range with investment banks.

Portfolio Pulse from Benzinga Insights

November 19, 2023 | 6:50 pm

BTCUSD

James Butterfill, head of research at CoinShares, suggests that the approval of a spot Bitcoin ETF by the SEC could lead to a significant increase in Bitcoin's price, potentially over 600%. He estimates that a 10% investment in a spot Bitcoin ETF with a 1% average allocation could result in $14.4 billion of inflows in the first year, potentially pushing Bitcoin's price to $141,000. A larger inflow of $31.3 billion could lead to a price of $265,437, a 627% surge from its current value of $36,565.

Portfolio Pulse from Bibhu Pattnaik

November 19, 2023 | 5:02 pm

AAPL

BAC

BRK

Warren Buffett's Berkshire Hathaway Inc. (NYSE:BRK) holds a record $157 billion in cash, which may signal caution for future market conditions. Buffett, known for value investing, maintains a substantial cash reserve to meet obligations and invest in undervalued assets. Despite a challenging environment for finding deals, Berkshire has maintained significant stakes in Apple Inc. (NASDAQ:AAPL) and Bank of America Corp. (NYSE:BAC), while reducing its Chevron stake and exiting other positions.

Portfolio Pulse from Benzinga Neuro

November 18, 2023 | 1:50 am

BLK

Fidelity Investments has filed for an Ether ETF, following a similar move by BlackRock. The proposed Fidelity Ethereum Fund would be listed on a Cboe Global Markets exchange, pending SEC approval. The filing references a recent court ruling critical of the SEC's inconsistent approach to cryptocurrency ETFs. This development indicates a growing interest from major financial institutions in incorporating digital assets into traditional investment vehicles, with the SEC's decision being highly anticipated for its impact on the future of crypto investments.

Portfolio Pulse from Murtuza Merchant

November 17, 2023 | 11:57 pm

DOGE-USD

ETH-USD

LTC-USD

The article discusses the significant increase in the value of Dogecoin (DOGE) since Elon Musk first tweeted about the cryptocurrency on April 2, 2019. It highlights the impact of Musk's tweets on Dogecoin's price and mentions his acquisition of Twitter in 2022, which is seen as positive for Dogecoin. The article provides hypothetical returns on $100 investments made at the time of Musk's tweets, with a 3,199.4% return from the 2019 tweet and a 2,630.2% return from the 2020 tweet. It also notes Dogecoin's all-time high in May 2021.

Portfolio Pulse from Chris Katje

November 17, 2023 | 11:15 pm

PEV

Phoenix Motor has agreed to purchase substantially all of the assets of Proterra's Transit business line, as well as Proterra's battery lease agreements, according to a recent SEC filing.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 9:45 pm